Tax Rebates & Refunds

How to use an online tax rebate calculator

August 17, 2011
Posted in Tax Rebates — Written by Chris

If you have paid too much income tax, or you have not been fully reimbursed for a work-related expense (i.e. fuel, tools, uniforms etc.), you are entitled to claim a tax refund.

However, working out whether you are owed any tax and how much can be tricky, and some people end out missing out on hundreds of pounds just because they can’t be bothered to work it all out themselves.

This is where online tools such as tax rebate calculators can prove to be extremely helpful. You simply enter a few figures and a tax rebate calculator will instantly work out whether you are owed any tax and approximately how much you are entitled to.

To use a simple tax rebate calculator, maybe just to find out if you can claim for a tax rebate, you need to enter two figures – your gross pay before tax (this is your annual salary) and how much tax you’ve paid. This information can be found on your P60 form, which is a kind of annual statement, or on your payslips or P45 form (the form you get when you leave a job). Then, simply select the year you want to claim for, and watch as your tax rebate amount is calculated.

If you want an exact figure, however, it is always best to seek the advice from a professional tax rebate service which can calculate your claim for you.

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